This is contained in a statement signed by Dr Ejike Ndiulo, head of Corporate Communications, Air Peace, on Wednesday in Lagos.
According to Ndiulo, the decision is necessary because NiMet is the agency responsible for issuing CNH (Current Nowcast of Hazardous Weather) reports, critical for safe landings, especially during this season of heavy rainfall and thunderstorms.
He said without these reports from the control tower, flight safety could not be guaranteed.
“As a safety-first airline, we have chosen to act responsibly by suspending operations until NiMet resumes full service.
“We understand this may cause inconvenience, and we sincerely apologise. Passengers will be contacted with updates and options for rescheduling,” he said.
The staff of NiMET on Tuesday commenced an indefinite strike over the condition of service and other demands.
News
Verve Rewards Customers to Mark 10TH Year Anniversary
Verve, a leading payments technology and card business in Africa established by Interswitch Group in 2009, rewards its customers as it celebrates 10 years of breaking boundaries.
The celebration kicked off officially on Friday, September 27, 2019, with a press launch at the George Hotel, Ikoyi, Lagos.
The event which saw members of the press, partner banks, regulators and other stakeholders come together for the noteworthy milestone, paved way for a series of activities to celebrate with customers.
In his keynote address, Mike Ogbalu III, CEO Verve International revealed that Verve owes its success story to its customers, partners, the press and other stakeholders.
He said: “ We are 10 today and we have a lot of people to thank for our journey so far – our partner the banks, our cardholders, the press, regulators, the Verve business & marketing team, other stakeholders,…Thank you for keeping the Verve dream alive, thank you for your resilience and thank you for always raising the bar.”
To appreciate its customers for their support, the brand is rewarding them across several of its touchpoints. One of such exciting customer reward initiatives is the Verve Free Toll activation: For 10days, Verve will give free toll passage from 10am to 10.10am.
This activation is available to both Verve Card holders & non-Verve holders, reinforcing the brand’s key benefit as “The Rewarding Way To Make Payments”. This Verve toll-free access started on Friday, September 27, 2019, and will last till Tuesday, October 8, 2019.
In addition to the free toll-gate pass, Verve cardholders who purchase at least N3,000 worth of petrol will be rewarded with free 5 litres at select Oando stations from 6 am to 8 pm every Friday. The reward is valid till November 8, 2019.
Also, every Saturday, for the next 10 weeks, 10 lucky Verve cardholders will be gifted with N10,000 prepaid card in 10 supermarkets. Saturday, September 28, 2019, was the first of such Saturdays. 10 lucky Verve cardholders won N10,000 prepaid card each at Spar supermarket, Ilupeju, Lagos. Opebi Spar SuperMarket Lagos comes next after this. As the Verve “train” continues to move across Spar Supermarkets, it will also reach Verve Card Holders in PortHarcourt, Abuja, Enugu, & Calabar.
Speaking on these activities, Cherry Eromosele, The Chief Group Marketing & Corporate Communication Ofiicer said: “We are celebrating our 10th year anniversary and the role our customers play in this journey cannot be overemphasized. On behalf of Verve International, I would like to thank all our customers for believing in us and giving us the opportunity to serve them.
“Everytime a customer brings out his/her Verve Card to pay for a transaction, it’s a statement of trust & loyalty. It is only right to give back to the very people who believed in us right from the get-go till date. That is why we will continue to roll out these and other reward schemes from time to time”. Afterall, Verve is “the rewarding way to make payments”.
The National Information Technology Development Agency (NITDA) is pleased to announce the inaugural meeting of the Startup Consultative Forum, scheduled for Monday April 28, 2025 This milestone event marks a significant step in deepening stakeholder engagement within Nigeria’s growing startup ecosystem.
The Forum will serve as an interactive platform for startup founders, innovators, ecosystem enablers, and intermediaries to actively shape national policies that foster growth, attract investment, and drive digital innovation.
Convened under the framework of the Nigeria Startup Act (NSA), this initiative reflects the government’s commitment to making startups not just stakeholders but key contributors in building an enabling environment for innovation.
The meeting will emphasize collaborative dialogue, with a primary focus on nominating and selecting representatives for the National Council for Digital Innovation and Entrepreneurship (Startup Council)—Nigeria’s highest advisory body for the startup ecosystem. Decisions from this Forum will lay the foundation for inclusive policy development, amplifying the voices of Nigeria’s tech and innovation community.
NITDA invites all Labelled Startups, Verified Entrepreneurial and Innovation Support Organisations, Angel Investors, Venture Capitalists, and other relevant stakeholders to join the Forum and actively participate in the nomination and voting process.
Join us in shaping the future of digital innovation in Nigeria. Together, we can build a thriving ecosystem that supports and celebrates the pioneering spirit of Nigerian startups.
International Monetary Fund (IMF) has revised downward its economic growth forecast for Nigeria in 2025 to 3.0%, a 0.2 percentage point cut from its earlier projection of 3.2%.
The downgrade is attributed to a decline in global crude oil prices, which remain a significant driver of Nigeria’s economy.
The updated figures were published in the IMF’s April 2025 World Economic Outlook (WEO) report, released in Washington, DC, during the ongoing Spring Meetings of the IMF and the World Bank.
The report outlines global and regional economic trends, highlighting continued vulnerability among oil-dependent economies.
According to the IMF, growth across sub-Saharan Africa is also expected to experience a modest decline, with projections falling from 4.0% in 2024 to 3.8% in 2025. However, a slight recovery is anticipated in 2026, with growth forecasted at 4.2%.
Nigeria, Africa’s largest economy, was singled out in the report as among the major economies affected by falling oil prices. The IMF noted that the country’s 2026 growth forecast has also been revised downward by 0.3 percentage points.
The IMF further reported similar economic challenges in other African countries. In South Africa, growth projections were adjusted downward by 0.5 percentage point for 2025 and 0.3 percentage point for 2026.
These revisions reflect weakening economic momentum following a lacklustre 2024, growing uncertainty, a rise in protectionist economic policies, and the impact of a broader global slowdown.
In a more severe adjustment, the IMF slashed South Sudan’s 2025 economic growth forecast by a staggering 31.5 percentage points.
The sharp decline is linked to delays in the resumption of oil production after a major pipeline sustained damage, significantly impacting the country’s revenue and export capacity.
The IMF’s outlook underscores the fragility of economies heavily reliant on natural resources and the ongoing risks posed by global market volatility.
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